Govt gets proposals from 5 companies for semiconductor, display fabs
By MYBRANDBOOK
The Ministry of Electronics & IT said so far 5 companies have shown interest in the government’s Rs 76,000 crore PLI scheme for setting up semiconductor and Display fabs.
India Semiconductor Mission (ISM), which has been set up as an independent institution to spearhead the Semicon India programme, has received 5 applications for Semiconductor and Display Fabs with total investment to the tune of $20.5 billion or Rs 153,750 crore.
Three companies Vedanta in JV with Foxconn; IGSS ventures PTE, Singapore and ISMC have submitted applications for setting up 28 nm to 65nm Semiconductor Fabs with a capacity of approx. 120,000 wafers per month with a total $13.6 billion investment.
Vedanta and another company Elest have submitted applications for display fabs with the projected investment of $6.7 billion. Fiscal support of $2.7 billion is being sought from the central government. The applicant companies have also submitted the proposals for technology acquisition, partnerships and collaborations with research institutes as part of the applications.
A Scheme for setting up of Compound Semiconductors / Silicon Photonics / Sensors Fab and Semiconductor Assembly, Testing, Marking and Packaging (ATMP) /OSAT facilities in India is being implemented, for establishing a trusted electronics value chain in the areas of application of fabrication and packaging technologies.
Under the Semiconductor and Display Fab Scheme, applications have been filed for setting up Gen 8.6 TFT LCD Display Fab as well as 6th Generation Display FAB for the manufacture of State-of-art AMOLED display panels that are used in the advanced smartphones.
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